Description

ICCL revises the settlement schedule for the Offer to Buy Acquisition Window (Takeover) of Kwality Wall's (India) Limited, updating obligation download and settlement dates to 13/05/2026 and 14/05/2026 respectively.

Summary

The Indian Clearing Corporation Ltd. (ICCL) has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) pertaining to Kwality Wall’s (India) Limited. This revision references the original Notice No. 20260417-6 and updates the obligation download and settlement dates for Settlement No. 2026038.

Key Points

  • Settlement Type: Takeover; Settlement No. 2026038
  • Bid period ran from 23/04/2026 to 07/05/2026
  • Revised Obligation Download Date: 13/05/2026
  • Revised Settlement Date: 14/05/2026
  • Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available through both depositories
  • Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026038 in the depository system
  • Stamp Duty charges are available per client in the MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. This notice revises previously communicated settlement calendar dates under Notice No. 20260417-6. Members are also directed to refer to Notice No. 20200528-32 (dated 28 May 2020) regarding the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism
  • Correct Market Type “(Takeover)” and Settlement No. 2026038 must be entered in the depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Any clarifications should be directed to ICCL Help Desk at 022-69158590 / 45720490 / 45720690 or iccl.helpdesk@icclindia.com

Important Dates

  • Bid Start Date: 23/04/2026
  • Bid End Date: 07/05/2026
  • Revised Obligation Download Date: 13/05/2026
  • Revised Settlement Date: 14/05/2026

Impact Assessment

This revision affects members and custodians participating in the Kwality Wall’s (India) Limited takeover acquisition window. The updated settlement timeline provides a short operational window (13–14 May 2026) for obligation download and final settlement. Participants must ensure timely Early Pay-in of shares to avoid settlement failures. The impact is limited to entities directly involved in this specific takeover transaction.

Impact Justification

Operational update affecting members and custodians involved in the Kwality Wall's takeover settlement; revised dates require timely action but scope is limited to participants in this specific acquisition window.